Google adwords suspending crypto advertisers

[CryptoGirl]

Some advertisers using Google Adwords to promote cryptocurrency related businesses are seeing a drop in their ad views, with other users posting about suspension of both their ads and their accounts, Finance Magnates reported on March 8.

According to data given to Finance Magnates anonymously by an Initial Coin Offering

(ICO) marketing company, the views of its advertisements through Adwords have dropped by the thousands. Below is a table from Finance Magnates showing views of the company’s advertisements over a 24 hour period.

Finance Magnates connects the drop in views to the fact that crypto-based Adwords ads are now sometimes defined as “limited,” meaning that they are approved but will not show for certain age groups, regions, or devices.

A cursory search of the Google Adwords Account Issues section brings up several posts by companies in the crypto sphere that have written about their ads being suspended. Some even claim that their accounts have been suspended and terminated.

User anas b wrote that her Blockchain technology development company’s account was terminated due to “misrepresentation” with no chance of reinstatement:

    “I have analyzed the website that is www.blockobi.com completely and I couldn't find any reason that is violating google policies. Our business is "blockchain technology development" and we provide services in UAE. Please suggest what I have to do in this regard as Google team is not telling exact issue/concern of suspension of our account.”

In response to an inquiry entitled, “Why CryptoCurrency Accounts Block [sic] or Suspended?” user MosheTLV commented that it may be because Adwords’ Financial Services regulations are not being followed by some crypto advertisers. User Andrew H posted on a similar thread that crypto related ads may be limited or blocked due to the “very high risk [of crypto investing] for customers, which is not made clear in any detail” in crypto advertisements, which could constitute a violation of the Financial Services regulations.

In January of this year, Facebook officially banned cryptocurrency-related advertisements, citing “misleading or deceptive promotional practices.” An unnamed source told Finance Magnates that Google is also considering an official ban of cryptocurrency-related advertisements this March.

However, Finance Magnates also reports that a month ago a Canadian regulator openly asked Google to initiate such a ban, but Google denied, explaining that the company did not want to limit an entire industry from Google advertising.

In an email to Finance Magnates, Google Adwords also denied any change in their Financial Services regulations that would block cryptocurrency or ICO related advertisements.

https://cointelegraph.com/news/crypto-advertisers-on-google-adwords-report-ad-suspensions-and-account-terminations

[Grawixy]

So, how will ICOs get audience after June? Especially if Fb and TW also resrict/ban ads? http://www.bbc.com/news/technology-43398410

[Nick I.]

There are some crypto advertising networks such as Coinzilla. The traffic delivered is crypto-related only. The results will be even better than using GoogleAdwords.

[Goodcat49]

Google to Ban Cryptocurrency Ads. Bitcoin Price Drops

Google shocked the cryptocurrency market with its updated financial products policy. According to the announcement, the largest international corporation made up its mind to disable digital currency advertising. At the same time, the Bitcoin value keeps its previous tactics – a gradual markdown.

"We don't have a crystal ball to know where the future is going to go with cryptocurrencies, but we've seen enough consumer harm or potential for consumer harm that it's an area that we want to approach with extreme caution," Scott Spencer, Google's director of sustainable ads, told CNBC.

Read the details in the article of Coinidol dot com, the world blockchain news outlet: https://coinidol.com/google-to-ban-cryptocurrency-ads/

[Grawixy]

There are some crypto advertising networks such as Coinzilla. The traffic delivered is crypto-related only. The results will be even better than using GoogleAdwords.

Great to know. This could be even better. Surely there will be several providers as an alternative to google ads.